Suburb Profile
Wright - FREE SUBURB PROFILE REPORT POSTAL CODE: ACT,2611
Property investors enjoyed capital gains of 5.46% over the last 12 months in WRIGHT, translating to lower returns compared with its peers in ACT.
The suburb posted a 44.63% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $600 based on current median home prices for the suburb.
On average, rents on listings have reached the $600 mark, reflecting a 3.76% increase in returns based on the current median price in WRIGHT.
WRIGHT, 2611 ranks 59th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 52nd on the list of best yielding suburbs for rental properties in ACT, posting a 3.76% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $830,000 | $401,750 |
| GROWTH REPORT | ||
| Median Quarterly | 0.61% | -0.19% |
| Median 12 month | 5.46% | -3.06% |
| Median 3 years | 44.63% | 8.29% |
| Median 5 years | N/A | -9.52% |
| 10 years average annual | 9.54% | -1.71% |
| Weekly media advert. rent | $600 | $430 |
| Time on Market | 0.0 days | 76.6 days |
| Gross Rental Yield Percent | 3.76% | 5.57% |
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Nice blog .. love to read
Yes Right. Awesome share
in one word, i say REAL ESTATE SUCCESS